Summary - Apartment 105, Prosperity House, Gower Street DE1 1SB
2 bed 1 bath Flat
Compact modern apartment offering immediate rental income in Derby city core.
2-bedroom sixth-floor flat with open-plan kitchen and living room
Sold at auction with tenants in situ achieving £615 pcm
Leasehold: service charge £4,364 pa and ground rent £250 pa
Compact 571 sq ft; more suited to city living or rental use
Electric room heaters; no gas central heating installed
Built post-2012 with double glazing and contemporary finishes
EPC rating D; may affect mortgage options for some buyers
Located in a high-crime, very deprived area — consider management needs
This sixth-floor, two-bedroom leasehold apartment sits in the heart of Derby city centre, offered for sale at auction with tenants in situ. The open-plan living and modern fitted kitchen suit investors seeking immediate rental income; current rent is £615 pcm. At 571 sq ft the flat is compact and geared to city-centre living rather than family use.
Strong location benefits include immediate access to bus and train stations, fast broadband and excellent mobile signal, and a wide range of nearby shops and amenities. Constructed from 2012 onwards and fitted with double glazing, the property presents a contemporary finish and straightforward sitting tenant arrangements for a hands-off investment.
Buyers should note material considerations: the property is leasehold, sold at auction, with a high annual service charge (£4,364) and a ground rent of £250. Heating is electric (room heaters) rather than gas, and the area has very high recorded crime and very high deprivation compared with national averages — important for both owner-occupiers and investors to factor into yield and management plans.
This unit offers clear investor appeal because of its central location and rental income, but it is best suited to those who understand auction purchase processes, ongoing service charges, and the management requirements of city-centre tenancies. EPC rating D and small overall size may limit mortgage options for some buyers.
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